IATA calls on Maduro to repatriate airline revenues from Venezuela

IATA has sent its fourth letter to Venezuelan President Nicolas Maduro to allow airlines to repatriate funds, now estimated to be $4.1 billion, at the original exchange rate.
To date, Venezuela has allowed the repatriation of $425 million to airlines, but the country also is offering to allow airlines—and other companies—to repatriate funds at a much lower exchange rate than the 6.3 bolivars to the dollar at which the revenues were accrued.
IATA DG Tony Tyler recently called this ...